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Club Med says sun shining on revamp

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Club Med says sun shining on revamp

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Club Méditerranée, which has been struggling in its bid to go upmarket, has reported third quarter sales up by 4.5 percent. At its top resorts customer numbers were up almost 11 percent. The company is optimistic for its winter bookings, which show double-digit growth. However analysts say margins are being squeezed as prices are cut to pull in the tourists, and the shares fell after an initial rise.